Aug 6, 2026, 4:12 PM ETIndustrials

Blink Charging — Second Quarter 2026 Earnings Summary

BLNKBLINK CHARGING CO

Financial Performance

Total revenues were $21.7 million, a 4.3% increase sequentially from $20.8 million in Q1 2026, but a 24.5% decrease year-over-year from $28.7 million in Q2 2025.
Product revenue was $7.4 million, up 20.1% sequentially but down 48.7% year-over-year.
Service revenue was $11.5 million, up 6.2% year-over-year and representing 53% of total revenues.
Other revenues were $1.9 million, down 15.3% year-over-year.
Car-sharing revenue was $0.8 million, down 25.9% year-over-year due to the divestiture of Envoy Technologies.
GAAP gross profit was $8.4 million (38.9% margin), an improvement of 2,200 basis points year-over-year from 16.8%.
Non-GAAP adjusted gross margin was 47.9%.
Operating expenses were $14.7 million, a 57% reduction year-over-year from $34.4 million.
Compensation expenses declined 39% year-over-year to $8.4 million.
General and administrative expenses declined to $1.8 million from $10.7 million year-over-year.
Net loss was $6.0 million ($0.04 per diluted share), a $23.3 million improvement year-over-year compared to a $29.3 million loss.
Adjusted EBITDA loss was $(2.2) million, a 72% improvement year-over-year from $(7.9) million.
Cash and cash equivalents ended the quarter at approximately $34.0 million.
Deferred revenue totaled $15.1 million ($12.6 million current, $2.6 million non-current).

Full-year 2026 revenue guidance updated to $83 million to $90 million, down from the previous outlook of $105 million to $115 million.
Full-year 2026 GAAP gross margin outlook raised to approximately 38%, up from approximately 35%.
The company targets exiting 2026 at an approximate adjusted EBITDA breakeven.
Blink expects to return to revenue growth in 2027, driven by charging and energy management services.
Formal 2027 guidance will be provided alongside year-end results.

Service revenue, comprising repeatable charging service revenues and recurring network fees, is a key growth engine.
Product revenue growth of 20% sequentially demonstrates commercial momentum.
The company is shifting toward contract manufacturing to optimize costs.
Car-sharing revenues were divested following the sale of Envoy Technologies on June 5, 2026.
The company is expanding into energy management services to create a durable foundation for long-term growth.

The company is focusing on revenue quality over volume to build a leaner, more focused business.
Strategic portfolio optimization and contract manufacturing realignment are driving gross margin expansion.
Blink aims to generate approximately 80% of revenues from recurring and repeatable revenue streams long-term.

The press release notes that forward-looking statements are subject to risks and uncertainties described in the Form 10-K for the year ended December 31, 2025.
Non-GAAP measures have inherent limitations, including the exclusion of recurring stock-based compensation which is a meaningful component of employee compensation.

CEO Mike Battaglia stated results provide evidence of progress toward profitability, disciplined capital management, and stronger execution.
CFO Michael Bercovich highlighted the significant reduction in adjusted EBITDA loss and the validation of the strategy through disciplined portfolio optimization and revenue mix improvements.
Management emphasized a deliberate shift toward higher-quality revenue and sustainable paths to profitability.

On June 5, 2026, Blink sold its wholly owned subsidiary, Envoy Technologies, to Blade Ranger Ltd., an Israeli publicly traded company.
The sale of Envoy Technologies reflects a continued shift toward optimized core products and services.
A gain on the sale of Envoy Technologies of $802 thousand was recorded in the six-month period.
The company hosted a conference call and webcast on August 6, 2026, to discuss results.
Non-GAAP financial measures were adjusted in the first quarter of 2026 to align better with peers and industry standards.